- Tim Draper has recently said that he believes his 30k amount of Bitcoins will be worth $7.5 billion in two years.
- Draper recently spoke on bitcoin in a new interview.
- He goes onto add his view on traditional banking.
The well-known Bitcoin bull and pro-crypto advocate, Tim Draper has recently said that he believes his 30k amount of Bitcoins will be worth $7.5 billion in two years compared to the $200 million it’s worth today.
The Big Boom
Recently taking part in an interview with BlockTV at the end of last week, Draper said:
“If you run a technical analysis, it looks like it’ll be something like six months to a year after the halving that we will cross $250,000 per bitcoin.”
He goes onto add his view on traditional banks saying he understands the value and benefits of bitcoin as a financial tool.
“I’m so frustrated with the banks just taking two and a half to four percent every time I swipe my credit card. I’m ready for this new currency.”
He adds, “the Internet started in the same way. It came in big waves and then it kind of came crashing down. And then the next wave comes concentrated but much bigger. I suspect the same thing will go on here.”
Before we go any further though, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!
Bitcoin is currently trading at $7,599 at the time of writing following a positive movement over the weekend seeing relief from the significant losses that the leading coin experienced last week.
It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!